ERRIA Buys APM Terminals

MarineLink.com
Thursday, May 30, 2013
Bien Hoa Container depot operated by ECS has a capacity of 3,500 teus strategically located next to Bien Hoa Industry zone & Binh Duong Industry zone.

ERRIA A/S confirmed that they have acquired APM Terminal´s 51 percent stake in APM Saigon Shipping (APMSS).


APM Saigon Shipping (APMSS) is an inland container services company with about 300 employees, which annually handles and maintains approximately 350,000 containers in Vietnam.


APMSS is a 51/49 Joint Venture with "Saigon Shipping J/S Company”, where ERRIA has had a 34 percent ownershipfor more than 10 years.


ERRIA's ambition is to expand the strong position that APMSS has built up over more than 20 years and continue to serve existing customers of international container transport of which Maersk Lineis the largest.


As of today, the company is renamed "ERRIA Container Services" (ECS), and the existing General Manager, Le Ahn Tuan, remains unchanged. The new Chairman of (ECS) will be CEO Henrik N. Andersen, of ERRIA A/S.


”This transaction provides ERRIA with significant and immediate growth and ensures that ERRIA execute on its strategic ambition to grow as announced at the Annual General Meeting in April. We are excited about this long-term investment in Vietnam. Through "ERRIA Container Services" (ECS), we have found a company with the same values and an excellent management team" said CEO Henrik N. Andersen, ERRIA A/S.

 

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Obangame Express 2015 Concludes in the Gulf of Guinea

Maritime forces from Gulf of Guinea nations, Europe, South America, and the United States and several regional and international organizations concluded the multinational maritime exercise,

Scandlines Ferry Back in Service by End June

The damaged Scandlines ferry M/V Prinsesse Benedikte is being repaired at the Polish shipyard Remontowa and is expected to be ready before the end of June 2015.

Greece Will Sell Piraeus Port Stake in Weeks

The Greek government will sell its majority stake in the port of Piraeus within weeks, the country's deputy prime minister told China's official Xinhua news agency,

Container Ships

Gulf Bridge Express Service to End

The Gulf Bridge Express Service will shortly be terminated with the last roundtrip voyage being MV Saint Nikolaos voyage 00008S, ETA New Orleans on April 22, 2015.

Container Ship breaks Down off Essex Coast

Lifeboats from Walton and Frinton, and the Harwich have been called out to a container ship ANL Warringa off the coast of Essex which had been reported to be drifting in a major shipping lane.

Mediterranean Rescue Operations Strain Shipping

The Wall Street Journal ran a story yesterday describing how the increasing number of seaborne migrants making the journey from Africa to Europe has not only

Mergers & Acquisitions

CSIC, CSSC Dismiss Shipbuilder Merger Rumors

China's state-backed shipbuilding giants said they have not received any merger-related information from authorities, after an executive swap between the firms sparked a market rally in their shares.

Swire Pacific Offshore Acquires 2 Newbuildings

Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) celebrated the naming of two new vessels, Pacific Centurion, an Anchor Handling Tug Supply (AHTS) vessel,

Golden Ocean and Knightsbridge Complete Merger

The merger between Knightsbridge Shipping Limited and Golden Ocean Group Limited was approved today at special meetings of both companies' shareholders.      The new company,

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2560 sec (4 req/sec)